The following are brief expectations for the RBA August policy statement as compiled from the related research reports of 10 major banks. Overall, they expect the RBA to stay on hold with a neutral bias, reiterating the same argument against a higher FX rate, while keeping an upbeat outlook for the economy. On the AUD front, they seem to expect a limited impact while seeing the risk tilted for AUD to remain supported on the crosses in the near-term BofAML Research: In our view, the Reserve Bank of Australia (RBA) is set to keep policy on hold when the board meets this week. This will extend the period of unchanged ... (full story)